Housing Finance has announced the redemption of its corporate bond that was worth KSh 3 billion shillings. The bond was issued in 2012 and had a 7-year tenor and an interest rate payment of 13% per year.
The bond helped Housing Finance to pay its loans as well as finance developers. The company says it sold more houses in the last eight months than the previous two years combined thus boosting its liquidity and fully financing the bond repayment.
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